The Latin American Portable Oxygen Concentrators Market Size was valued at USD 0.14 billion in 2023 and is poised to be worth USD 0.21 billion by 2028, growing at a CAGR of 8.3% during the forecast period 2023 to 2028.
The market's growth is fueled by the rise in the number of people exposed to indoor air pollution, the increased number of active smokers, and daily exposure to pollutants.
Continual flow dominated the market in 2022, and this trend is projected to continue during the forecast period, depending on technology. Because of a rise in lifestyle choices such as smoking and alcohol usage and an increase in the geriatric population, both of which are predicted to drive market growth.
Many patients require continuous oxygen flow during their illness or diagnosis, and portable oxygen concentrators meet this demand, increasing their popularity over time. Furthermore, the market for portable oxygen concentrators in Latin America is also growing due to technological breakthroughs in the field.
The development of home healthcare goods is likely to be driven by technology advancements, increasing government spending, and economic stimulus by manufacturing firms.
The High cost of oxygen concentrators and onerous regulatory procedures stifles the market's growth. Furthermore, due to an increase in the geriatric population in remote areas, portable oxygen concentrator supply will be challenging to come by shortly.
Patients are given oxygen therapy using portable oxygen concentrators. Portable oxygen concentrators give oxygen with a higher concentration than ambient air. Portable oxygen concentrators have been used all over the world for decades. However, early portable oxygen concentrators were unreliable and difficult to operate since they were big and expensive.
This research report on the Latin American Portable Oxygen Concentrators Market has been segmented and sub-segmented into the following categories.
By Product:
By Technology:
By End User:
By Country:
Geographically, the Latin America portable oxygen concentrators market is predicted to develop moderately. The rising incidence of chronic obstructive pulmonary disease, changing consumer lifestyles, adoption of new technologies, growing consumer awareness of oxygen therapy devices, increasing government expenditure company investment in homecare products all contribute to the region's market growth.
The Brazil portable oxygen concentrators market has dominated the global industry in Latin America because of changes in food and lifestyle. Therefore, countries in Latin America, such as Mexico, Brazil, and Argentina, are projected to increase significantly in market share during the period. Furthermore, with the rising number of COVID cases in the Latin American region, the number of healthcare center admissions and medical care has increased, resulting in the high demand for medical oxygen concentrators. In addition, as a result of increasing home isolation and self-care treatment during the pandemic, demand for portable oxygen concentrators has increased.
The Mexico portable oxygen concentrators market held the largest share of the portable oxygen concentrators market, and it is expecting a predominant share during the forecast period. An increase in the prevalence of chronic illness, growing awareness, and technological advancements are driving the market's growth. As a result, the country represents a potential market for respiratory equipment.
KEY MARKET PLAYERS
Prominent companies dominating in the Latin American Portable Oxygen Concentrators Market profiled in the report are Koninklijke Philips N.V., Inogen Inc., Foshan Keyhub Electronic Industries Co. Ltd., O2 Concepts LLC, and GCE Group, Chart Industries Inc., Resmed Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Precision Medical Inc.,
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1200
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region